Given that the Federal government has offered a new program for refinancing, rates are again falling in what has been labeled as “wait and see,”

In the meantime, borrowers in the United States wait to learn if they really will be able to refinance their mortgages now that regulators made changes to a federal refinance program designed to help borrowers who owe more than their houses are worth.

Rates are now at 4.33 percent for a 30-year fixed mortgage.  It will be interesting to see if borrowers line up to take advantage of the program… more interesting to see if the program works!